Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Wallace Advisory Group LLC

Wallace Advisory Group LLC lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 24,470 shares of the e-commerce giant’s stock after selling 2,777 shares during the period. Amazon.com makes up 3.3% of Wallace Advisory Group LLC’s portfolio, making the stock its 3rd largest holding. Wallace Advisory Group LLC’s holdings in Amazon.com were worth $4,656,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Momentous Wealth Management Inc. bought a new position in Amazon.com during the 4th quarter worth $749,000. Segall Bryant & Hamill LLC lifted its position in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares during the period. Evergreen Capital Management LLC lifted its position in Amazon.com by 0.5% during the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Bearing Point Capital LLC acquired a new stake in Amazon.com during the fourth quarter worth about $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after buying an additional 2,196,353 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMZN shares. Telsey Advisory Group reissued an “outperform” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. The Goldman Sachs Group decreased their price target on Amazon.com from $255.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Oppenheimer lowered their target price on Amazon.com from $260.00 to $220.00 and set an “outperform” rating for the company in a research note on Monday, April 28th. Finally, Bank of America increased their target price on shares of Amazon.com from $230.00 to $248.00 and gave the stock a “buy” rating in a report on Monday, June 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $244.89.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $24,050,626.20. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the sale, the chief executive officer now directly owns 509,474 shares of the company’s stock, valued at approximately $95,776,017.26. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $213.24 on Friday. The business has a 50-day simple moving average of $194.64 and a 200 day simple moving average of $209.13. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 38.56, a PEG ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.